Electric Vehicle Incentives
There are valuable Federal, state and utility incentives* that can help you pay for your electric vehicle and home charging. From the ITC credits you’ll receive for the purchase of an EV, solar and storage to the PSE&G rebate program, now is a great time to use sustainable energy for your home and car!
Federal Investment Tax Credit
Tax credits are based on the battery size and go up to $7,500 for customers who purchase an Electric Vehicle, but they won’t last forever. The expiration date is separate for each manufacturer and occurs after an automaker sells 200,000 qualified vehicles. More and more manufacturers are introducing EVs, so there is no limit of choices on the market!
Electric Vehicle Chargers do will qualify for ITC credits when combined with a home residential solar system or storage installation. Make sure to include all your energy efficiency upgrades as part of your SunPower by Sea Bright Solar contract to receive the greatest value.
State Incentives
Depending on your state, utility and jurisdiction various incentives and initiatives related to alternative fuels and vehicles, advanced technologies, or air quality may be available. Below outlines a few but to learn more about what you might qualify for please click here.
PSE&G Incentive – PSE&G’s Clean Energy Future – Electric Vehicle (EV) Program received approval to invest millions to build out New Jersey’s EV charging infrastructure, which will have customer and societal benefits. It will also put the state on track to become a front-runner in transportation electrification. The EV program is designed to support the deployment of EV chargers across a wide range of customers and sectors. What that means for you is that you will receive a $1,500 rebate for the installation of a Level 2 charger, further offsetting its cost! Learn more.
Charge Up New Jersey – Receive an incentive of up to $4,000 when you purchase or lease a new all-electric vehicle in New Jersey in addition to a rebate of up to $250 when you purchase an eligible electric vehicle charger for your home. This incentive can be combined with utility incentives for installation of a home charger.
New York State Drive Clean Rebate
Open to all New York State residents, the Drive Clean Rebate offers a point-of-sale rebate towards the purchase or lease of a new electric car. Taking advantage of the Drive Clean Rebate is very easy: simply purchase a qualifying electric car from a participating dealer, and a discount of up to $2,000 will be applied when you pay.
Federal Tax Credit for EVSE
Receive a federal tax credit of 30% of the cost of purchasing and installing an EV charging station (up to $1,000 for residential installations and up to $30,000 for commercial installations).
California IncentivesÂ
California offers state and local incentives for purchasing electric vehicles. One California incentive is the Clean Vehicle Rebate Project (CVRP), which offers rebates for buying and leasing qualifying electric vehicles. It varies by the make and model of the vehicle, as well as the individual’s income level. PG&E, SCE, and SDG&E customers may be eligible for this rebate, which can be as high as $7,000 for certain vehicles. Incentives vary by utility company and location. Learn more!
Manufacturers Discounts
If you bought and placed in service a new qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV) on January 1, 2023 or later and meet certain income limitations, you may be eligible for a clean vehicle tax credit up to $7,500 under Internal Revenue Code Section 30D.
Qualified Manufacturers of the vehicles listed below have indicated that the vehicles are currently eligible for a credit provided other requirements are met. Â Check back for additions to this list.
For vehicles purchased in 2022 or before, credit eligibility was determined under different criteria.
